Biden ran for president on a campaign of raising taxes on the wealthy, corporations and estates, expanding tax credits for modest earners and exempting individual taxpayers making less than $400,000 from tax increases. Biden wants to use the extra money to pay for a far-reaching domestic agenda, with new spending on health care, infrastructure, low-income schools and combating climate change initiatives.
Democratic Senate control will give Biden freer hand in pursuing tax agenda
Jan 14, 2021